News
On the Market: 5 Interesting Listings for the Week of 5/21
This week’s listings include 1950s-era townhomes, a fully affordable community and a 150-unit property in New Mexico’s second-largest city.
PCS Development Completes AZ Community
The Premiere at Dana Park in Mesa includes 198 units and a Crossfit studio, a putting green and self-service mail kiosks.
Hunt JV Completes North FL Community
The 264-unit Sanctuary at 331 in Santa Rosa Beach broke ground in mid-2016, and offers a swimming pool, dog park and 3,700-square-foot clubhouse.
TX Student Housing Receives $28M Construction Loan
The 66-unit development is scheduled for completion by the 2019-2020 academic year and will serve students at the University of Texas at Austin.
Fickling & Co., Novare Group Breaks Ground on FL Community
Lullwater at Blair Stone in Tallahassee is slated for completion by the end of this year and will feature a clubhouse, swimming pool and pet park.
MWest Holdings Expands SoCal Footprint
The company has added to its portfolio Sunset Gardens, a value-add townhome community located in Canoga Park, Calif. The property will be rebranded as NoVa Townhomes.
Multifamily REITs to Flourish in Major Metros: Morningstar
According to the company’s latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a significant impact on four of the largest REITs over the next two years.
Campus First Buys FL Student Housing Asset
Campus Club North and South, two communities totaling 612 beds and serving the students of University of South Florida, will receive new fitness equipment, study areas, a dog park and other exterior improvements.
Bronx Low-Income Housing for LGBT Seniors Underway
BFC Partners, HELP USA and SAGE announced the groundbreaking of the $41.4 million Crotona Senior Residences, which will include 84 units.
Facade Work Completed on Historic NYC Building
54 Bond Street is a 1870s, corner cast-iron building in the French Second Empire style, and is located in the Bowery neighborhood.